Alicorn Venture Partners will purchase Glassbox (TASE: GLBX), a London, UK-based supplier of AI-powered consumer intelligence solutions, in an all-cash deal estimated to be worth $150 million.
It is anticipated that the deal would finalize in Q3 2024. Glassbox will not be listed or traded on any public securities market when the deal is completed.
About Glassbox
Glassbox, a company that provides AI-powered consumer intelligence solutions, is managed by CEO Yaron Morgenstern. The company works with digital businesses to help them connect and interact with customers online. It safely gathers information from all digital interactions to identify the underlying reasons of consumer behavior. Data is then converted into choices, enabling marketers to take immediate action.
Glassbox is used by clients in a variety of sectors and regions, such as banks, Marriott Hotels & Resorts, Quicken, Inc., Credit.com, Danone, L’Oreal, Nestle, Ace Hardware, and Air Canada, to convert customer insights into better digital experiences that increase revenue, conversions, and brand loyalty.
Over the last several years, Alicorn Venture Partners has helped the firm flourish.
About Alicorn Venture Partners
Investing in secondaries since inception in 2017, Alicorn Venture Partners has backed some of the most highly regarded names in Israeli and European tech.
Alicorn invests in undervalued top tier companies at a later stage of growth. Their leverage proprietary access to these companies through a deep rooted startup network. Secondary transactions enable them to optimise their entry and timing, hence maximising returns.
